Bragg Gaming Announces Ronen Kannor Has Resigned As Chief Financial Officer, Effective June 3, 2024; Search For A Replacement CFO Has Commenced
Portfolio Pulse from Benzinga Newsdesk
Bragg Gaming Group Inc. announced the resignation of CFO Ronen Kannor, effective June 3, 2024. The company is now searching for a replacement. Kannor's tenure saw significant achievements including uplisting to the Toronto Stock Exchange, dual listing on NASDAQ, and completing two acquisitions, contributing to consecutive years of revenue, gross profit, and adjusted EBITDA growth.
April 05, 2024 | 9:03 pm
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NEUTRAL IMPACT
CFO Ronen Kannor's resignation from Bragg Gaming could lead to short-term uncertainty but reflects a period of strong growth and achievements under his tenure.
CFO transitions can introduce short-term uncertainty and volatility in a company's stock as investors assess the impact of the change on financial leadership and strategy. However, the positive achievements during Kannor's tenure, including significant company growth and successful acquisitions, may mitigate negative perceptions and stabilize the stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90